Sullo statuto teorico dell'offerta di moneta: un dibattito con Augusto Graziani
[On the theoretic status of the supply of money: a debate with Augusto Graziani]
In this article the debate between Prof. Augusto Graziani and the author on the monetary theory of production is carried further on. The main purpose of the paper is to delineate - along Keynesian lines and in opposition to the theory of the credit money circuit - a consistent and realistic view of the nature of the supply of money, general enough to embrace as limit-cases both a strictly endogenous and a strictly exogenous money supply. The interdependence of the supply and demand for money is explicitely recognized, as well as the central bank ability to control in the short term either the money supply or its supply price.
|Date of creation:||1996|
|Publication status:||Published in Studi Economici 59.51(1996): pp. 99-126|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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- Basil J. Moore, 1988. "The Endogenous Money Supply," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 10(3), pages 372-385, April.
- Moore, Basil J, 1988. "The Endogeneity of Money: A Comment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 35(3), pages 291-294, August.
- Cavalieri, Duccio, 1994. "La teoria monetaria di Keynes e i teorici del circuito: a proposito di un libro di Augusto Graziani," MPRA Paper 43887, University Library of Munich, Germany.
- Davidson, Paul & Weintraub, Sidney, 1973. "Money as Cause and Effect," Economic Journal, Royal Economic Society, vol. 83(332), pages 1117-1132, December.